Author: FX
In case you missed it, Brent crude oil prices have been having a good second half of the month so far. And why not? Easing banking concerns have made it easier for oil bulls to price in demand recovery in China. It also didn’t hurt that a dispute among leaders of Iraq’s semi-autonomous Kurdistan region forced Iraq to halt about 400,000 barrels a day in oil production. Brent Crude Oil (UKOIL) 1-hour Chart by TradingView UKOIL, which found a bottom at $70.20 early last week, is now trading closer to the $78.50 minor psychological level. The 100 SMA has also…
Bank jitters continue to ease lifting sentiment & Asian markets despite US stocks closing in the red. The USD eased another 0.3% and Yields gained with the 2-yr regaining 4%. Alibaba surged 14.3% in US trading and was up 16.3% at one point in Hong Kong after it announced it will split into 6 separate entities. Other Chinese tech companies (Tencent & JD.com)) are stronger. The YEN continues it’s volatile week as year end looms, AUD is lower on weaker Inflation, European & US Futures are higher. US Consumer Confidence was better than expected, the…
Germany consumer confidence rebounds further to -29.5 Source link
© Reuters. FILE PHOTO: A customer enters one of Careem cars in Mosul, Iraq September 25, 2019. Picture taken September 25, 2019. REUTERS/Abdullah Rashid By Lisa Barrington and Hadeel Al Sayegh DUBAI (Reuters) -Uber Technologies’ Middle East subsidiary Careem is in advanced talks with Emirates Telecommunications Group Company to invest in its expansion into services beyond ride-hailing, five sources with knowledge of the matter told Reuters. Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services. Careem’s discussions…
USA30, Daily The US30 on Tuesday (28/03) recorded a moderate decline with the US100 falling to a one-week low. Tuesday’s higher T-note yield weakened technology stocks. Global bond yields moved higher Tuesday as worries about the banking sector eased. The US 10-year T-note yield rose +3.0 bp to 3.560%. Also, the German 10y Bund yield rose +6.3 bp to 2.290%, and the UK 10y Gilt yield rose +9.0 bp to 3.456%. The increase in the trade deficit in February was predicted to be the reason behind the temporary weakening of the stock index. The latest situation report on consumer confidence…
Whether you’re into riding trends or catching reversals, I’ve got you covered on today’s set! Check out these potential plays on USD/JPY and EUR/CAD. USD/JPY 1-hour Forex Chart by TradingView Reversal alert! USD/JPY might be done with its selloff, as the pair is completing an inverted head and shoulders on its hourly time frame. Dollar bulls are still waiting for a break above the neckline around the 132.00 major psychological mark before getting the green light for more gains. If that happens, USD/JPY might rally by the same height as the chart pattern or roughly 200 pips. Technical indicators aren’t…
There was no obvious fresh catalyst for the rise in USD/JPY during the timezone here. From lows circa 130.80 its traded to highs just over 131.65 and is not far from the highs as I post. We had remarks from Bank of Japan Governor Kuroda and new Deputy Governor Uchida, but these came after the rise. The focus of the data agenda were CPI data from Australia. This was the monthly CPI, for February, which came in below the estimate and below the January and December month CPIs. It was suggestive of a peak for inflation. The next quarterly CPI,…
Share: AUD/JPY has dropped sharply to near 87.80 as Australian inflation has softened further to 6.8%. The collaborative effect of weaker Retail Sales and softening price index would support the RBA in keeping policy unchanged. BoJ Kuroda remained extremely dovish for further monetary policy as the sustainable inflation target has not been met yet. The AUD/JPY pair has slipped firmly to near 87.80 as the Australian Bureau of Statistics has reported further softening in the monthly Consumer Price Index (CPI) (Feb). The economic data has landed at 6.9%, lower than the consensus of 7.1% and the former release…
View Q4 2022 Earnings Preview Source link
Australia and Canada are set to release top tier economic reads this week, making AUD/CAD a solid pair to watch for potential short-term trading opportunities. AUD/CAD 1-HR Forex Chart by TradingView AUD/CAD may get set to jump around this week with top tier events from both the Land Down Under and the Great White North. In just a few hours, Australia is set to release their latest CPI read (forecasted to come in at 7.6% y/y vs. 7.4% y/y previous), and this could really get the pair moving as it would likely have a significant influence on the RBA’s interest rate…